Tuesday, May 26, 2020

Innovation Management The Innovation Of Vaccines

Innovation management The innovation of vaccines Student number: 100090338 Word count: 1450 words Contents Introduction 1 Innovation types 1 The contribution of vaccines 2 Contribution of human history 2 Contribution of socio-economic 3 The disadvantages of vaccines 4 Side effects 4 To make experiments on animals 4 Conclusion 5 Introduction There are hundreds and thousands of infants, children and adults faced different type of diseases all around world, like whooping cough, polio,†¦show more content†¦However, new vaccines would be produced by improving existing vaccine and technology, which can maintain new vaccines competition. Hence, new vaccines would become incremental innovation. Incremental innovation means that for keep or improve product s competitive position and meet consumers demands by changing and improving existing product or product line, and generally, incremental innovation is used in the high technology business (BusinessDictionary, 2015). The contribution of vaccines There is no doubt that vaccine is absolutely successful innovation for human life, and there are 7 facts can provide evidence of this statement. Firstly, it makes thousands of children survived each year. Secondly, vaccine can destroy terrible diseases. Thirdly, chronic diseases, including some cancers, can be prevented by vaccines. Lastly, it saves a lot of money every year (Orenstein et al., 2014). Like Internet and computers, every successful invention has some benefits for human or social life, similarly, vaccine also has quantity of contributions. Contribution of human history Basically, vaccines changed the way that people used to fight against disease. Before vaccines have been produced, when people infected flu or smallpox, they used to seek simply medical or religious to intervene for their illnesses (Young, 2015). 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